Usually means: Earnings awarded for winning competition.
Definitions Related words Mentions
We found 13 dictionaries that define the word prize money:

General (13 matching dictionaries)
  1. prize money: Merriam-Webster
  2. prize money: Oxford Learner's Dictionaries
  3. prize money: Collins English Dictionary
  4. prize money: Vocabulary.com
  5. prize-money, prize money: Wordnik
  6. prize money: Wiktionary
  7. prize money: Infoplease Dictionary
  8. Prize money, prize money: Dictionary.com
  9. Prize money: Wikipedia, the Free Encyclopedia
  10. prize money: Rhymezone
  11. prize money: FreeDictionary.org
  12. prize money: Mnemonic Dictionary
  13. prize money: TheFreeDictionary.com

(Note: See prize_moneys as well.)

Definitions from Wiktionary (prize money)

noun:  Money offered as a prize in a competitive event.

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